Georgia Gulf's proposal to swap about 33.5 million shares of preferred and common stock for $800 million in outstanding debt has been accepted by about 77% of the debt holders, the company says. They company will also enact a 1:25 revere stock split upon acceptance of the exchanges. The exchanges are "critical to the company's debt restructuring," Georgia Gulf says. A forebearance agreement with bondholders is set to expire July 15, but the company will seek a further extenstion, it says. Georgia Gulf is currently forecasting a loss of $4.3 million...